TechnipFMC PLC Stock Forecast - Double Exponential Smoothing
| FTI Stock | USD 25.16 0.18 0.71% |
The Double Exponential Smoothing forecasted value of TechnipFMC PLC on the next trading day is expected to be 25.29 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 20.68. TechnipFMC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast TechnipFMC PLC stock prices and determine the direction of TechnipFMC PLC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of TechnipFMC PLC's historical fundamentals, such as revenue growth or operating cash flow patterns. Although TechnipFMC PLC's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of TechnipFMC PLC's systematic risk associated with finding meaningful patterns of TechnipFMC PLC fundamentals over time.
Check out Historical Fundamental Analysis of TechnipFMC PLC to cross-verify your projections. TechnipFMC |
Open Interest Against 2024-04-19 TechnipFMC Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast TechnipFMC PLC's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in TechnipFMC PLC's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for TechnipFMC PLC stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current TechnipFMC PLC's open interest, investors have to compare it to TechnipFMC PLC's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of TechnipFMC PLC is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in TechnipFMC. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in TechnipFMC PLC cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the TechnipFMC PLC's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets TechnipFMC PLC's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for TechnipFMC PLC works best with periods where there are trends or seasonality. TechnipFMC PLC Double Exponential Smoothing Price Forecast For the 19th of April
Given 90 days horizon, the Double Exponential Smoothing forecasted value of TechnipFMC PLC on the next trading day is expected to be 25.29 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.19, and the sum of the absolute errors of 20.68.Please note that although there have been many attempts to predict TechnipFMC Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that TechnipFMC PLC's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
TechnipFMC PLC Stock Forecast Pattern
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TechnipFMC PLC Forecasted Value
In the context of forecasting TechnipFMC PLC's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. TechnipFMC PLC's downside and upside margins for the forecasting period are 23.41 and 27.18, respectively. We have considered TechnipFMC PLC's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of TechnipFMC PLC stock data series using in forecasting. Note that when a statistical model is used to represent TechnipFMC PLC stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | 0.0621 |
| MAD | Mean absolute deviation | 0.3505 |
| MAPE | Mean absolute percentage error | 0.0155 |
| SAE | Sum of the absolute errors | 20.6809 |
Predictive Modules for TechnipFMC PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TechnipFMC PLC. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TechnipFMC PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for TechnipFMC PLC
For every potential investor in TechnipFMC, whether a beginner or expert, TechnipFMC PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TechnipFMC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TechnipFMC. Basic forecasting techniques help filter out the noise by identifying TechnipFMC PLC's price trends.TechnipFMC PLC Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TechnipFMC PLC stock to make a market-neutral strategy. Peer analysis of TechnipFMC PLC could also be used in its relative valuation, which is a method of valuing TechnipFMC PLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TechnipFMC PLC Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of TechnipFMC PLC's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of TechnipFMC PLC's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
TechnipFMC PLC Market Strength Events
Market strength indicators help investors to evaluate how TechnipFMC PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TechnipFMC PLC shares will generate the highest return on investment. By undertsting and applying TechnipFMC PLC stock market strength indicators, traders can identify TechnipFMC PLC entry and exit signals to maximize returns.
| Accumulation Distribution | 88996.77 | |||
| Daily Balance Of Power | (0.24) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 25.44 | |||
| Day Typical Price | 25.35 | |||
| Price Action Indicator | (0.37) | |||
| Period Momentum Indicator | (0.18) | |||
| Relative Strength Index | 98.04 |
TechnipFMC PLC Risk Indicators
The analysis of TechnipFMC PLC's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in TechnipFMC PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting technipfmc stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.45 | |||
| Semi Deviation | 1.16 | |||
| Standard Deviation | 1.86 | |||
| Variance | 3.45 | |||
| Downside Variance | 2.63 | |||
| Semi Variance | 1.35 | |||
| Expected Short fall | (1.67) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
TechnipFMC PLC Investors Sentiment
The influence of TechnipFMC PLC's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in TechnipFMC. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to TechnipFMC PLC's public news can be used to forecast risks associated with an investment in TechnipFMC. The trend in average sentiment can be used to explain how an investor holding TechnipFMC can time the market purely based on public headlines and social activities around TechnipFMC PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
TechnipFMC PLC's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for TechnipFMC PLC's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average TechnipFMC PLC's news discussions. The higher the estimated score, the more favorable is the investor's outlook on TechnipFMC PLC.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards TechnipFMC PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, TechnipFMC PLC's short interest history, or implied volatility extrapolated from TechnipFMC PLC options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of TechnipFMC PLC to cross-verify your projections. For more detail on how to invest in TechnipFMC Stock please use our How to Invest in TechnipFMC PLC guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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Is TechnipFMC PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TechnipFMC PLC. If investors know TechnipFMC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TechnipFMC PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.88) | Dividend Share 0.1 | Earnings Share 0.12 | Revenue Per Share 17.846 | Quarterly Revenue Growth 0.21 |
The market value of TechnipFMC PLC is measured differently than its book value, which is the value of TechnipFMC that is recorded on the company's balance sheet. Investors also form their own opinion of TechnipFMC PLC's value that differs from its market value or its book value, called intrinsic value, which is TechnipFMC PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TechnipFMC PLC's market value can be influenced by many factors that don't directly affect TechnipFMC PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TechnipFMC PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechnipFMC PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechnipFMC PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.